Ever since the new collective bargaining agreement was announced in November 2011, people speculated as to how the newly-formulated signing bonus budgets for the MLB Draft would affect draft strategy.
Signability became extremely important. Teams could not afford to fail to sign a pick because it caused them to forfeit their pick and the bonus money allotted for that pick, ultimately lessening their overall spending pool. That focus on signability resulted in an influx of college seniors getting drafted in earlier rounds than their talent would have otherwise dictated.
Drafting college seniors in the top ten rounds allowed organizations to sign those players — who lack negotiating leverage due to their inability to return to college — well under the prescribed slot value and bank money to utilize elsewhere.
Most teams drafted a college senior or two in the first ten rounds, but the Toronto Blue Jays took the strategy to a whole different level. In rounds four through ten, Toronto drafted seven-consecutive college seniors, and not one of those players has signed for more than $5,000 — including outfielder Alex Azor out of the United States Naval Academy, who signed for a mere $1,000 in the tenth round. Azor saved the Blue Jays $124,000 against their overall signing bonus allotment.
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